Re: Anyone up to speed on PFIC status???
I'd prefer not to rely on that...If it's half cash, I'd still be on the hook for a ton more that capital gains. My understanding is that you only need to declare and pay taxes on gains to clear the status, and since my trading account shares are over $1.71 (the year end PPS) that would be a loss, so no taxes due now and all just capital gains later. This could make a huge difference for a lot of folks here. That's why I'm looking for clarification and/or verification.